"Greetings from $ 200 oil": Iran did not understand the US attack

Iran’s military escalated tensions with the U.S. following a strike on Iranian boats involved in mine-laying operations, warning that oil prices could surge to $200 per barrel if Washington continues military actions. Ebrahim Zolfagari, a representative of Iran’s General Staff, stated that the U.S. only understands 'the language of force' and that no agreement would be reached under such conditions. The comments came hours after Iranian negotiators arrived in Qatar to resume peace talks. The Islamic Revolutionary Guard Corps (IRGC) announced it had shot down several American drones and attacked U.S. ships, further straining diplomatic efforts. Meanwhile, the U.S. Central Command insisted that a ceasefire remains in effect, with a Pentagon spokesman telling Fox News that forces were exercising restraint. The conflicting statements did little to ease concerns, as oil prices remained stable at around $96 per barrel despite the escalation. The Strait of Hormuz has seen a slight increase in tanker traffic, though volumes remain minimal compared to pre-crisis levels. The International Energy Agency (IEA) warned that strategic oil reserves released by member countries—totaling 400 million barrels—could be depleted by July or August. A shutdown of the Strait, which accounts for 14 million barrels per day (14% of global supply), has already tightened global oil markets. Iran’s threats to disrupt oil supplies follow a pattern of military posturing amid stalled negotiations, raising fears of broader regional conflict. The U.S. maintains its commitment to protecting forces while pursuing diplomatic solutions, though Iran’s military actions suggest a hardening stance. Analysts warn that further escalation could trigger a sharp spike in oil prices and destabilize global energy markets.